Steve Penny

Steve Penny

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Steve Penny is a well-known American businessman and a sports administrator. Steve Penny is best known as the former president and CEO of USA Gymnastics.

Early Life

Steve Penny was born in the year 1964, in Washington, United States. Currently, he is 57 years old. His birth name is Stephen D. Penny Jr. Likewise, he follows Christianity and is American by nationality. Since he hasn’t shared his exact date of birth, his birth sign is not available.

Moving towards his family members, no details are available. Steve, being a private person, has kept all information regarding his parents and siblings a secret. Likewise, talking about his educational background, he completed his schooling at Mercer Island High School. After that, he joined the University of Washington and completed his graduation from there in 1987.

Professional Life and Career

Penny started his profession in sports as a marketing and promotions assistant. He then worked for the Seattle Mariners. Similarly, he has also worked in other employment sectors such as the travel and tourism industries.

Moving on, in 1989, he joined Turner Broadcasting as a research manager. Since then he is active within the Olympics. Eventually, hr became the managing director of the US Cycling Federation. However, he left the USA cycling in 1996 and returned to his hometown, Seattle. Then, he became the vice president of Bob Walsh Enterprises, a company concerned with business development along with sports marketing.

In March 1999, Penny joined the USA Olympics as the Senior Vice President. Starting with business development, his responsibilities extended to supervise the marketing, event operations,  sponsorship, TV, and communications. Similarly, he was promoted to the president of the USA Gymnastics on April 4, 2005.

While in work, a former Olympic gymnast named Dominique Moceanu accused Penny of neglecting the abuse of gymnasts. However, the USA Gymnastics rejected the case as a scandal unless they were approved by a claimed abuse victim or a victim’s parent. On March 16, 2017, Penny resigned from USA Gymnastics.

Steve Penny

Caption: Steve giving speech during USA Gymnastics meeting (source: IndyStar)

More Details

When Penny declared before Congress in June 2018 he requested his fifth act rights to withdraw answering questions, which led to a cry of shame from one observer.

On October 17, 2018, the US Marshals Smoky Mountains Fugitive Task Force arrested Penny. He is testified to have tampered with testimony during the inquiry of sexual assaults upon Larry Nassar. The statement further claims that he requested the replacement of the documents from the Karolyi Ranch that were linked to the activities of Nassar.

If sentenced, Penny suffers a punishment of 2-10 years in jail and up to a $10,000 fine. After this arrest, the US Gymnastics placed his name on its permanently ineligible list of members.

Relationship Status

Penny is currently in a married relationship with his wife Beth Penny. However, there is no information of how they met and when they got married, His wife gave birth to the triplets named Sarah, Ella, and Stephanie on April 1, 2005. He is enjoying his family life presently.

Steve Penny

Caption: Steve with his wife and daughters (source: Pinterest)

Body Measurements

Penny is a tall and handsome guy, enhancing his physical statistics. Being involved in the sports industry, he is focused on maintaining his physical health. Talking of his height, he is 5 feet 10 inches or 1.78 meters tall. Likewise, he weighs about 98 kg or 216 pounds. Likewise, his actual body measurement such as chest size, waist size, and hip size are 42 inches, 36 inches, and 38 inches respectively.

Moving on, Penny has biceps of 15.5 inches and wears shoes of 10 inches (US). In addition, he has dark brown hair with a pair of blue eyes.

Social Media and Net Worth

When it comes to his social, media availability, the sports administrator isn’t active on any of them. We couldn’t find him on any social networking sites such as Facebook, Instagram, and Twitter. Maybe he couldn’t manage time for such things from his busy life schedule. Talking of his net worth, no valid information is available. Considering the data from the wiki sites, he might have an estimated net worth of $2 million US dollars as of 2021.